The iPhone 5 does not officially go on sale until the doors open at 8 a.m. Friday.

Some folks in line almost 24 hours in advance are willing to sell others their spots.

Gregory Gordon is an expert at waiting in long lines for the latest version of the iPhone. He brought his friends overnight to just wait. This year, he is looking to turn his patience into a profit. For a price, he will sell you the second spot in line. In other words, he will wait so you do not have to.

"And if I get the right offer, I am definitely willing to sell my spot," he said.

One woman took it one step further. She preordered the iPhone 5. Any offer she gets for her spot in line is a profit.

"I am not really waiting for anything," she said.

So what does a spot in the line currently go for? Offers range between $200 and $500.